Analysts/Institutional Investor Meet/Con. Call Updates

KEI Industries Limited Registered and Corporate Office: D-90, Okhla Industrial Area, Phase-1, New Delhi- 110020 CIN: L74899DL1992PLC051527 Tel.: +91-11-26818840/8642/0242, Email: info@kei-ind.com Website: www.kei-ind.com Date: 10.08.2026 The Manager, The Manager, Listing Operation, Listing Division, BSE Limited, The National Stock Exchange of India Ltd., 25th Floor, Phiroze Jeejeebhoy Towers, Exchange Plaza, Plot No. C/1, G Block, Dalal Street, Fort, Mumbai- 400 001. Bandra Kurla Complex, Bandra (E), Mumbai – 400 051 Scrip Code: 517569 NSE Symbol: KEI Sub: Transcript of Analysts/Investors Call pertaining to the Un-audited Financial Results for the quarter ended on June 30, 2026. Dear Sir/Madam, Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith the transcript of audio call recording of the Company’s Analyst Call held on Tuesday, 04th August, 2026 to discuss the Un-audited Financial Results (Standalone and Consolidated) for the quarter ended on June 30, 2026. The transcript is also available on the website of the Company: https://www.kei-ind.com/wp-content/uploads/2026/08/Transcript.pdf This is for your information and record. Yours truly, For KEI INDUSTRIES LIMITED (KISHORE KUNAL) Sr. VP (CORPORATE FINANCE) & COMPANY SECRETARY “KEI Industries Limited Q1 FY27 Earnings Conference Call” August 04, 2026 MANAGEMENT: MR. ANIL GUPTA – CHAIRMAN CUM MANAGING DIRECTOR – KEI INDUSTRIES LIMITED MR. RAJEEV GUPTA – EXECUTIVE DIRECTOR, FINANCE AND CHIEF FINANCIAL OFFICER – KEI INDUSTRIES LIMITED MODERATOR: MR. ACHAL LOHADE – NUVAMA INSTITUTIONAL EQUITIES Page 1 of 19 KEI Industries Limited August 04, 2026 Moderator: Ladies and gentlemen, good day and welcome to the KEI Industries Q1 FY27 Earnings Conference Call hosted by Nuvama Institutional Equities. As a reminder, all participant lines will remain in the listen-only mode and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during the conference call, please signal the operator by pressing star then zero on your touchtone telephone. Please note that this conference is being recorded. I will now hand the conference over to Mr. Achal Lohade from Nuvama Institutional Equities. Thank you and over to you. Achal Lohade: Yes. Thank you. Good afternoon, everyone. On behalf of Nuvama Institutional Equities, we are glad to host the senior management of KEI Industries Limited to discuss the Q1 FY27 earnings. We have with us Mr. Anil Gupta, Chairman cum Managing Director of the company; Mr. Rajeev Gupta, Executive Director of Finance and CFO. We'll start the call with the opening remarks from the management and then move to Q&A session. Thank you and over to you, sir. Anil Gupta: Thank you, Achal. Good afternoon. I'm Anil Gupta, CMD, KEI Industries Limited. I hope that you must have received a brief of our Q1 results, it must be with you. I'll give a brief. So, the net sales in Q1 of FY26-'27 is INR3,185 crores against INR2,590 crores last year. Growth in net sales is 23%. However, the total wire and cable sale in Q1 has grown by 24.4% against previous year. During Q1 '26-'27, operating margin has improved to 12.43% Margin has improved mainly because of the product mix and operational efficiencies. EBITDA in this quarter is INR415 crores against INR297 crores last year. Growth is around 39.5%. EBITDA/sales margin is 13.04% as against 11.49% in the same period previous year. Profit after tax in this quarter is INR274 crores against INR195 crores. Growth in the PAT is 40%. PAT/net sales margin is 8.61% against 7.56% in the previous year same period. Domestic wire and cable sale in this quarter is INR2,784 crores and it has registered a growth of 29%. Export sale in this quarter is INR341 crores against INR375 crores previous year. The export is impacted because of non-dispatch of – non-execution of several orders of Middle East because of the war with Iran and also due to the custom duty issues in United States. However, for full year guidance, the export will be growing substantially and will be in line with our guidance which was given earlier. Total sales of extra high-voltage cable is INR186 crores against INR126 crores in the previous year same period. Growth in EHV sale is 47%. The contribution of sales through distribution network that is D2C is 59%. Total active working dealer of the company as on 30th June is 2,128. Page 2 of 19 KEI Industries Limited August 04, 2026 EPC sales is INR43 crores against INR61 crores last year. Out of the total sales of EPC, PHV EPC execution sale is INR18 crores. Sales of stainless-steel wire in Q1 is INR53 crores against INR51 crores in the previous year same period. Pending order book is INR4,292 crores; out of which EPC is INR271 crores, extra high-voltage cable INR793 crores, cable domestic INR2,400 crores and export orders pending are INR822 crores. The long-term rating from CARE India Rating and Research and ICRA is AA+ and short term is A1+. Book value as on 30th June is INR725.94 against INR697 as on 31st March 2026. Cash and bank balances as on 30th June is INR1,054 crores, which includes QIP balance of INR303 crores. Interest income from bank deposits or others in Q1 is INR14.59 crores, which is included in the other income. It was INR28.77 crores last year in the previous year. The company had raised INR2,000 crores through QIP on 28th November 2024, out of which company has utilized QIP fund of INR1,785 crores up to 30th June and unutilized amount is INR303 crores, which includes the interest on FDRs of QIP amount. Future outlook. During Q1, the company has incurred a capital expenditure payment of INR191 crores, out of which Sanand capex is INR180 crores. Total capex done in Sanand up to 30 June '26 is INR1,722 crores. Another INR300 crores will be spent in this financial year. Company is expected to incur capital expenditure of approximately INR600 crores to INR700 crores annually for next 3 to 4 years. Capacity utilized during Q1 is approximately 72% in cable division, 61% in house wire division, 91% in stainless steel wire division and 45% in communication cable. Sanand capacity addition is taking time to ramp up and in coming months, capacity utilization will increase month after month. So now also we have sufficient capacity to grow in wires and flexible segment for next 2 to 3 years. Based on the strong demand in domestic and overseas market, we are hopeful to grow more than 20% in next 2 to 3 years. There is a good demand in data centers and related energy segment in power transmission and distribution segment, renewable energy like solar and wind, electric vehicles, infrastructure, railway electrification, urban infrastructure, manufacturing in domestic as well as in global market. Also, the wire demand is strong in housing sector and in commercial spaces. So this is the commentary from the management side. We are very bullish about the market. We hope that with a strong market outlook in domestic as well as our export markets, company will outperform in the domestic as well as export markets and will be continuously growing year after year. Thank you. Moderator: Thank you, Ladies and gentlemen. We now begin the question and Answer session. Anyone who wishes to ask question may press star and one their touch-tone telephone. If you wish to remove yourself from question queue you may press star and two. Participants are requested to use a handset while asking a question. Ladies and Gentleman, we will wait for moment while question queue assembles. We take the first question from the line of Natasha Jain from PhillipCapital. Page 3 of 19 KEI Industries Limited August 04, 2026 Natasha Jain: My first question is on the wires and cables margin. Now there has been a sequential sharp rise in wires and cables from 12.4% to 13.6%. If I see sequentially the opex number, that's pretty much flat despite we've gone aggressive [Showing first 8,000 characters — download PDF for full document]